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Take a look at Turing Award winner Silvio Micali's talk on the Algorand proof-of-stake protocol, and you will have a better understanding of why Bitcoin is need
by dqpb 4y ago
Take a look at Turing Award winner Silvio Micali's talk on the Algorand proof-of-stake protocol, and you will have a better understanding of why Bitcoin is needlessly wasteful:
https://youtu.be/NykZ-ZSKkxM https://youtu.be/NykZ-ZSKkxM
- mrkramer 4y agoSo Satoshi didn't know what he, she or they were doing? Ethereum has proof of stake algorithm and we shall see how will it work in the long term. Btw some people said me here on HN that PoS is the evolution of crypto coins but I think the original design and protocol of Bitcoin is still superior if done right. Just like TCP is still viable to this day although it is almost 50 years old.
- dqpb 4y agoBitcoin launched the industry. But I think Algorand is a better technology. The historicity of Satoshi/Bitcoin is not something I care about when evaluating the actual technical details.